The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) had its target price lowered by investment analysts at Barclays from $9.00 to $8.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential upside of 10.34% from the company's previous close.
A number of other brokerages have also issued reports on HAIN. Piper Sandler reaffirmed a "neutral" rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. DA Davidson restated a "neutral" rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Finally, Stifel Nicolaus raised their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a "hold" rating in a report on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $9.43.
View Our Latest Report on HAIN
The Hain Celestial Group Stock Performance
Shares of NASDAQ HAIN traded down $0.16 during midday trading on Monday, reaching $7.25. 1,698,368 shares of the company traded hands, compared to its average volume of 1,192,598. The company has a market cap of $651.41 million, a price-to-earnings ratio of -7.88 and a beta of 0.74. The stock has a 50-day moving average price of $8.41 and a 200 day moving average price of $7.58. The Hain Celestial Group has a 52 week low of $5.68 and a 52 week high of $11.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.01.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.09% and a negative net margin of 4.94%. The firm had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same period in the previous year, the firm earned ($0.04) EPS. The Hain Celestial Group's revenue for the quarter was down 7.2% on a year-over-year basis. Sell-side analysts anticipate that The Hain Celestial Group will post 0.48 earnings per share for the current fiscal year.
Insider Transactions at The Hain Celestial Group
In other news, insider Chad D. Marquardt purchased 5,300 shares of the company's stock in a transaction dated Wednesday, September 4th. The shares were bought at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares in the company, valued at $127,296. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On The Hain Celestial Group
Hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in shares of The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company's stock worth $18,206,000 after acquiring an additional 1,663,542 shares during the period. Invenomic Capital Management LP bought a new stake in shares of The Hain Celestial Group in the 1st quarter valued at approximately $11,294,000. Federated Hermes Inc. raised its holdings in shares of The Hain Celestial Group by 224.9% in the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company's stock worth $5,946,000 after buying an additional 595,649 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter worth approximately $3,942,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in The Hain Celestial Group by 257.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company's stock valued at $4,288,000 after buying an additional 357,669 shares in the last quarter. 97.01% of the stock is owned by institutional investors.
The Hain Celestial Group Company Profile
(
Get Free Report)
The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.
See Also
Before you consider The Hain Celestial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Hain Celestial Group wasn't on the list.
While The Hain Celestial Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
